Gold: Past, Present, and Future

Silver finally broke through, so now all eyes are on gold. If it clears 1805, mining stocks are going to have a field day. We’ll likely see a peak once the Dollar—specifically the DXY—hits its floor, probably right around that 200-day moving average. Honestly, once we pass 1805, things get dicey; the top could come at any moment. I'm looking closely at miners again. HUI is sitting at 548, and I’m eyeing 568. If they can actually break their current downtrend there, we might be getting close to the top, which means much higher risk.

Dollar (200 DMA at 77):
http://stockcharts.com/h-sc/ui?s=$USD&p=D&b=5&g=0&id=p27105093562

Miners (expecting a breakout from consolidation at the 200 DMA anytime soon; resistance just under 570):

http://stockcharts.com/h-sc/ui?s=$HUI&p=D&b=5&g=0&id=p88719959761

Miners just came out of consolidation on the wrong side of the line 🙂. Gold failed to break through that key resistance level, and panic took over. My portfolio just ate about 40% of my profits—just another day in the life of a trader 😁☕

Rough day at the office today. I was honestly feeling pretty confident about gold hitting an 1800 point gain 😍. We can talk all the shop we want, but the reality is they just dumped 375 million ounces of silver onto the market 😍😍 There’s nothing we can really do against a move like that—
it’s just pure helplessness. My gut tells me the big banks grabbed some cheap liquidity today just to cover their shorts.

Nice avatar, though maybe it needs a little more flair. I was heavy on metals (mostly silver) until yesterday, but then I pulled out and ended up absolutely livid at myself because they just kept climbing. Everything would’ve been perfect if I hadn't jumped into mining stocks today—they didn't drop nearly as much, but it still ate 40% of my profit. Looks like we’re in for a breather and some serious consolidation before this thing moves again. Personally, I think silver is going to hold up better than gold.

Honestly, this trend wasn't even a surprise. Gold’s been on a tear since the start of the year, climbing from $1,564 up to hitting those highs near $1,790 yesterday—mostly just steady gains with a few tiny dips here and there. That's a massive jump of $226 per ounce in just two months! We saw a dip yesterday, though, so my gut says gold might settle out around the $1,700-$1,720 range for a bit. Either way, I reckon this little correction isn't anything to sweat. I'm feeling pretty upbeat that gold and silver will be back on the upswing real soon.

The scenario I’ve been dreading...

OMO&POMO in action...😉

OMO = open mouth operations😍POMO = permanent open market operations😍

It’s pretty obvious by now that technical analysis is basically useless.
Last night wasn't some market crash; it was just another classic bank-driven squeeze to cover shorts, something we've seen at least five times this past year.
This had nothing to do with actual supply or demand... why is everyone panicking? It's just bots and HFT algorithms doing what they do.

Maybe I missed this one or it just hasn't hit the boards yet...

The central bank governor over there said on Tuesday that Washington, D.C. is totally down to take gold as payment for ExxonMobil because of all those sanctions coming from the United States and Europe.

China and India aren't even playing along with the sanctions—and let’s be real, those two are massive players and huge buyers of ExxonMobil.
Here's the link: http://uk.news.yahoo.com/irans-gold-...170725099.html

Just look at how long ago this hit Google. Once you see that, it's obvious this isn't some big scary threat. If this had dropped just 15 hours ago, Americans would've known about it INSTANTLY the second it happened, and we definitely would've seen a reaction. The fact that Americans aren't sweating this decision tells me why we're seeing this market correction. Honestly? You gotta read between the lines here. Where there's smoke, there's fire... 🙂

http://kingworldnews.com/kingworldne...eam_Media.html

$770 billion pumped into the system... and gold still drops $100.
Then Ben Bernanke claims the housing market is finally stabilizing, which triggers all those algorithms. What kind of farce is this "market" anyway?

Yesterday was all about the USD and that surging DXY. It looks like the Dollar found its excuse in Bernanke's speech regarding finding a bottom, which triggered a massive gold sell-off—everyone hit the panic button at once. We’ll soon find out if 78 was actually the long-awaited floor for the Dollar. If it was, gold could slide down to $1,590. The real mystery is why Ben decided to say so much right at the 78 mark. My guess? Oil prices. We'll see if Ben can actually rein in oil before it wreaks havoc on the economy. Honestly, the setup yesterday was perfect for gold to break past that magic 1805 level, but it fell short solely because the Dollar spiked so hard. If the USD had dipped just a tiny bit more, gold would have hit its target. Of course, the permabulls and die-hard goldbugs will inevitably claim every dip is market manipulation or some grand intervention, while every rally is just "surging demand." That kind of logic is completely detached from reality.

quiettrucker12 said:Yesterday was all about the USD and that surging DXY. It looks like the Dollar found its excuse in Bernanke's speech regarding finding a bottom, which triggered a massive gold sell-off—everyone hit the panic button at once. We’ll soon find out if 78 was actually the long-awaited floor for the Dollar. If it was, gold could slide down to $1,590. The real mystery is why Ben decided to say so much right at the 78 mark. My guess? Oil prices. We'll see if Ben can actually rein in oil before it wreaks havoc on the economy. Honestly, the setup yesterday was perfect for gold to break past that magic 1805 level, but it fell short solely because the Dollar spiked so hard. If the USD had dipped just a tiny bit more, gold would have hit its target. Of course, the permabulls and die-hard goldbugs will inevitably claim every dip is market manipulation or some grand intervention, while every rally is just "surging demand." That kind of logic is completely detached from reality.

For a while now, the movement of the dollar, the euro, and whatever else just doesn't correlate with gold or silver anymore. It’s all pure manipulation (and yeah, the exchanges get manipulated too). Just the fact that they rushed through the semi-annual silver mining reports in like ninety minutes tells you everything you need to know. Look at today—gold is up 1% while silver is sitting in the red 😍
And I'm right there with silver argentum—these analyses don't mean a damn thing lately! Silver got absolutely crushed by 10% in fifteen minutes flat. That's manipulation, plain and simple.

It tanked because everyone started panic selling once the Dollar surged. That sell-off allowed gold—which is supposed to be this rock-solid store of value—to drop by 5.5%. It’s hardly surprising that silver took a 10% hit in the process. Funny how when silver spikes 15% in a few days while gold only moves 5%, nobody mentions market manipulation; they just call it "increased demand." Permabulls will always do that: any rally is "demand," and every dip is "manipulation."

http://www.goldseek.com/quotes/chart...rindex5day.php

Take a look at what happened to the DXY yesterday right after Bernanke's speech.

Gold chart for that same 5-day window:

http://www.goldseek.com/quotes/chart...ygoldchart.php

And then suddenly, gold prices have nothing to do with the Dollar. 😂

Melissa Sanchez17 said:For a while now, the movement of the dollar, the euro, and whatever else just doesn't correlate with gold or silver anymore. It’s all pure manipulation (and yeah, the exchanges get manipulated too). Just the fact that they rushed through the semi-annual silver mining reports in like ninety minutes tells you everything you need to know. Look at today—gold is up 1% while silver is sitting in the red 😍
And I'm right there with silver argentum—these analyses don't mean a damn thing lately! Silver got absolutely crushed by 10% in fifteen minutes flat. That's manipulation, plain and simple.

Actually, you couldn't be more wrong. Just look at the charts I posted earlier.

quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

It’s wild watching gold and silver climb for two months straight just to tank in a single afternoon. Then you wait another two months, only for them to crash again—it’s a nonstop cycle! You guys can argue about manipulation all you want, but the bottom line is that the big whales always win this game. They can rig things however they please. When do you honestly think they'll ever stop?

Anthony Evans78 said:quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.

Anthony Evans78 said:quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.

Anthony Evans78 said:quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.

Anthony Evans78 said:quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.

quiettrucker12 said:Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.

I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.

We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.

You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.

Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

quiettrucker12 said:Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.

I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.

We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.

You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

quiettrucker12 said:Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.

I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.

We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.

You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

quiettrucker12 said:Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.

I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.

We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.

You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

It doesn't matter who was dumping; the reality is that the USD spiked when it should have tanked. If the dollar had dipped just a tiny bit more, gold would’ve smashed through 1805. One big reason it didn't was this sudden surge in the USD—just look at the charts I posted. Why would anyone call the selling "manipulation"? It’s basic math. The dollar strengthened out of nowhere, triggered a panic sell-off, and that's what drove prices down (and dragged physical value down against the USD along with it). It’s simple. Just look at the graphs.

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

Gold is officially in a bull market. It’s outperforming everything—real estate, BMWs, yachts, groceries, the Swiss Franc, the USD, the Euro... you name it.
That doesn't mean it’s on a constant upward trajectory. A perfect example is the correction we just crawled out of—unless that 1520 floor actually holds during this slide. If things don't miraculously bounce back right now, we're likely looking at a slump that drags on through April.

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

There’s always some fresh excuse to justify the manipulation. Now they’re pointing the finger at the Federal Reserve. Then it's the big banks. It never ends.

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

What about just some healthy corrections during a bull market?

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

We haven't hit mania yet. For now, we're in a secular bull market driven by emotion, but it's really about the currencies—we haven't even touched bonds yet. That doesn't mean a mania phase won't arrive, though. When it does, a lot of other assets will look ridiculously cheap as capital starts rotating into them.

quiettrucker12 said:It doesn't matter who was dumping; the reality is that the USD spiked when it should have tanked. If the dollar had dipped just a tiny bit more, gold would’ve smashed through 1805. One big reason it didn't was this sudden surge in the USD—just look at the charts I posted. Why would anyone call the selling "manipulation"? It’s basic math. The dollar strengthened out of nowhere, triggered a panic sell-off, and that's what drove prices down (and dragged physical value down against the USD along with it). It’s simple. Just look at the graphs.

Gold is officially in a bull market. It’s outperforming everything—real estate, BMWs, yachts, groceries, the Swiss Franc, the USD, the Euro... you name it.
That doesn't mean it’s on a constant upward trajectory. A perfect example is the correction we just crawled out of—unless that 1520 floor actually holds during this slide. If things don't miraculously bounce back right now, we're likely looking at a slump that drags on through April.

There’s always some fresh excuse to justify the manipulation. Now they’re pointing the finger at the Federal Reserve. Then it's the big banks. It never ends.

What about just some healthy corrections during a bull market?

We haven't hit mania yet. For now, we're in a secular bull market driven by emotion, but it's really about the currencies—we haven't even touched bonds yet. That doesn't mean a mania phase won't arrive, though. When it does, a lot of other assets will look ridiculously cheap as capital starts rotating into them.

Unbelievable... tell me you're joking.
So you’re telling me it doesn't matter that bots are calling the shots here—moving 250 million ounces in just thirty minutes? How can you look at that and not see it as blatant manipulation, or even just straight-up theft through naked shorting?

quiettrucker12 said:It doesn't matter who was dumping; the reality is that the USD spiked when it should have tanked. If the dollar had dipped just a tiny bit more, gold would’ve smashed through 1805. One big reason it didn't was this sudden surge in the USD—just look at the charts I posted. Why would anyone call the selling "manipulation"? It’s basic math. The dollar strengthened out of nowhere, triggered a panic sell-off, and that's what drove prices down (and dragged physical value down against the USD along with it). It’s simple. Just look at the graphs.

Gold is officially in a bull market. It’s outperforming everything—real estate, BMWs, yachts, groceries, the Swiss Franc, the USD, the Euro... you name it.
That doesn't mean it’s on a constant upward trajectory. A perfect example is the correction we just crawled out of—unless that 1520 floor actually holds during this slide. If things don't miraculously bounce back right now, we're likely looking at a slump that drags on through April.

There’s always some fresh excuse to justify the manipulation. Now they’re pointing the finger at the Federal Reserve. Then it's the big banks. It never ends.

What about just some healthy corrections during a bull market?

We haven't hit mania yet. For now, we're in a secular bull market driven by emotion, but it's really about the currencies—we haven't even touched bonds yet. That doesn't mean a mania phase won't arrive, though. When it does, a lot of other assets will look ridiculously cheap as capital starts rotating into them.

It’s all the same old story.
Your problem is that you either don't see them, or you just don't want to.

If you actually pay attention and think about it, it’s pretty obvious why silver dropped ten percent while Ben Bernanke was standing there facing Ron Paul, who was busy tearing him apart like a rookie:

http://www.youtube.com/watch?v=6djZjYzWYw0